Streetbeat News

PENN

PENN Entertainment, Inc.

https://www.pennentertainment.com

Industry

Gambling, Resorts & Casinos

PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences in North America. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates 44 properties in 20 states; online sports betting in 13 jurisdictions; and iCasino in five under a portfolio of brands, including Hollywood Casino, L'Auberge, Barstool Sportsbook, and theScore Bet. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.

Open

21.72

Mkt cap

3.2B

Volume

5.2M

High

21.93

P/E Ratio

-5.91

52-wk high

27.21

Low

20.32

Div yield

N/A

52-wk low

13.50

Penn Entertainment's stock surged following an upgrade from JPMorgan, which anticipates growth due to the company's investments starting to pay off.

Portfolio Pulse from

December 13, 2024 | 4:45 pm

PENN Entertainment faced challenges in Q3 with its land-based casinos due to weather disruptions and hotel remodeling, but expects stabilization. However, its online venture with ESPN Bet is straining earnings without gaining significant market share, impacting future expectations.

Portfolio Pulse from

November 26, 2024 | 3:00 pm

PENN Entertainment's shares rose due to a narrower-than-expected Q3 loss, driven by strong performance in its Interactive segment. This was attributed to improved hold, a higher parlay mix, and lower promotional expenses.

Portfolio Pulse from

November 08, 2024 | 5:30 pm

PENN Entertainment, Inc. held its Q3 2024 earnings call, discussing financial performance and company operations. Key executives and analysts participated in the call.

Portfolio Pulse from

November 07, 2024 | 6:45 pm

PENN Entertainment's Q3 earnings report provides insights into its performance for the quarter ended September 2024. The report compares key metrics against Wall Street estimates and the previous year's figures.

Portfolio Pulse from

November 07, 2024 | 3:45 pm

PENN Entertainment reported a Q3 loss of $0.24 per share, which was better than the expected loss of $0.28 per share but significantly worse than last year's earnings of $1.21 per share.

Portfolio Pulse from

November 07, 2024 | 2:45 pm

Kahn Swick & Foti, LLC is investigating the proposed sale of William Penn Bancorporation to Mid Penn Bancorp, focusing on the adequacy of the price and process. William Penn shareholders are set to receive 0.4260 shares of Mid Penn for each share they own.

Portfolio Pulse from

November 06, 2024 | 2:00 am

ESPN and PENN Entertainment have launched a new feature allowing users to link their ESPN BET accounts with ESPN platforms. This integration enables fans to track live, upcoming, and settled bets directly on ESPN. Additionally, personalized bets and promotions are expected to be introduced soon.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 1:02 pm

The DOJ supports a lawsuit accusing Las Vegas hotels, including Caesars Entertainment Inc., of using algorithms to fix prices. The case, dismissed by a district court, is now on appeal and could impact similar future cases.

Portfolio Pulse from Benzinga Newsdesk

October 25, 2024 | 4:13 pm

Truist Securities has maintained a Buy rating on PENN Entertainment but lowered its price target from $25 to $23.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:56 pm

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